The IRS released guidance on the Section 199A qualified business income deduction on August 8th. Our panel will discuss the IRS guidance and planning opportunities and challenges that it creates. This ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

Many Virginia business owners signed off on last year’s tax returns only a few weeks ago, in early September, the Internal Revenue Service’s annual, last-chance filing deadline for most U.S. companies ...

Senate Republicans will soon debate trillions of tax breaks approved by House lawmakers, including a bigger deduction for small business owners, contractors, freelancers and gig economy workers.

Tax season continues on Capitol Hill, and just like so many Americans ahead of the April 15 deadline, lawmakers are tired and confused as they work on this large and sweeping legislation. In a hearing ...

The American Society of Travel Advisors (ASTA) is applauding the advancement of important legislation impacting travel advisors' tax returns. New legislation promoted by the House Ways and Means ...

The QBI deduction permanent 2026 change is one of the most significant tax wins ...

The massive budget legislation Republicans are trying to push through the House offers tax and commodity program benefits likely to help a broad range of farmers and others in agribusiness. The tax ...

The 2017 Tax Cuts and Jobs Act (TCJA) introduced Section 199A. This provision, scheduled to expire next year, provides owners of “pass-through” businesses a 20 percent deduction for qualified business ...

The section of the federal tax code known as 199a will expire at the end of 2025 unless Congress approves an extension. Its passage in 2017 represented one of the most important lobbying victories ...